DeFiLlama Crowns Bitget the Liquidity King of Tokenized Stocks as Sector Eyes $2B 👑

DeFiLlama has ranked Bitget as the top venue for liquidity and execution quality in tokenized equities, according to an independent report published on Monday, as the sector's market capitalization climbed toward $2 billion. The tokenized equity market is up more than 140% year-to-date, expanding from $814 million at the start of 2026 to nearly $2 billion, figures cited in the report show.

DeFiLlama evaluated the leading equity tokenization marketplaces across several criteria, including brokerage integration, reserve verification, dividend treatment, settlement models and trading infrastructure. It also compared quoted liquidity and execution quality between venues. Bitget posted the tightest median bid-ask spread among the analyzed platforms at 0.83 basis points and delivered the highest top-of-book liquidity across five equity-market tokenizations reviewed.

The assessment extended beyond equity tokenizations to perpetual markets, covering 36 stock perpetuals and eight metals and commodity perpetuals. Bitget led those markets as well in liquidity depth. The report was released as demand for blockchain-based exposure to publicly listed companies continues to expand, with overall market capitalization now within striking distance of the $2 billion mark.